Buffett's Legacy Continues to Pour in at Berkshire Hathaway

Warren Buffett's legacy continues to pay dividends for Berkshire Hathaway. The company's Coca-Cola holdings have generated significant income for years, thanks in part to a strategy implemented by Buffett before he stepped down as CEO and chairman.

Buffett began buying shares of Coca-Cola (NYSE:KO) for Berkshire Hathaway back in 1988. Today, the position represents around 9.3% of the conglomerate's investments. The company benefits not only from a rising stock price but also from quarterly dividend payments from the beverage giant.

Coca-Cola currently pays a quarterly dividend of 53 cents per share, and Berkshire Hathaway owns approximately 400 million shares. This translates to $212 million in quarterly dividend income for Berkshire Hathaway, regardless of whether the stock price increases or decreases. On an annual basis, this adds up to $848 million.

The payouts are expected to continue rising, as Coca-Cola has raised its dividend annually for the last 64 consecutive years. With another increase likely by next February, Berkshire Hathaway could collect more than $1 billion annually from Coca-Cola dividends in the future.